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This paper investigates the association between greater income inequality, de-facto fiscal space, and sovereign spreads …. Using data from 50 countries in 2007, in 2009 and in 2011, we find that higher income inequality is associated with a lower … large: an increase in the Gini coefficient of inequality by 1 (in a scale of 0-100), is associated in 2011 with a lower tax …
Persistent link: https://www.econbiz.de/10009552172
Persistent link: https://www.econbiz.de/10009703923
Persistent link: https://www.econbiz.de/10009562202
This paper investigates the association between greater income inequality, de-facto fiscal space, and sovereign spreads …. Using data from 50 countries in 2007, 2009 and 2011, we find that higher income inequality is associated with a lower tax … margin, a one point of the Gini coefficient of inequality (in a scale of 0-100), is associated in 2011 with a lower tax base …
Persistent link: https://www.econbiz.de/10013104730
This note investigates the impact of greater income inequality on the tax base, on the defacto fiscal space, and the … sovereign spreads. Using data from 50 countries in 2005 and in 2010, we find that higher income inequality is associated with a … large: a one standard deviation increase of inequality is associated with a lower tax base of 28 % GDP, and with a higher …
Persistent link: https://www.econbiz.de/10009316243
This paper investigates the association between greater income inequality, de-facto fiscal space, and sovereign spreads …. Using data from 50 countries in 2007, 2009 and 2011, we find that higher income inequality is associated with a lower tax … margin, a one point of the Gini coefficient of inequality (in a scale of 0-100), is associated in 2011 with a lower tax base …
Persistent link: https://www.econbiz.de/10012460484
Persistent link: https://www.econbiz.de/10011490633
We empirically assess the relative importance of various economic fundamentals in accounting for the sovereign credit default swap (CDS) spreads of emerging markets during 2004-2012, which encompasses the global financial crisis of 2008-2009. Inflation, state fragility, external debt, and...
Persistent link: https://www.econbiz.de/10013083389
Persistent link: https://www.econbiz.de/10009741483
We empirically assess the relative importance of various economic fundamentals in accounting for the sovereign credit default swap (CDS) spreads of emerging markets during 2004-2012, which encompasses the global financial crisis of 2008-2009. Inflation, state fragility, external debt, and...
Persistent link: https://www.econbiz.de/10012459699